The Benefits of Electric Vehicle Fleets for UK Business

According to zapmap UK, van drivers are going electric in record numbers with new registrations every day. So, what’s behind this increase in take-up of electric vehicle fleets? According to our customers, it’s a combination of the need for a more sustainable future and increased awareness around the running costs of an electric van.

The Financial Benefits of Choosing Electric Vehicle Fleets

Transitioning your fleet to electric vehicles can bring significant financial advantages to your business. From dramatically reduced fuel costs to minimised maintenance needs, electric fleets offer a compelling path toward long-term savings. Let’s explore the key ways electric vehicles can boost your bottom line.

• Reduced Fuel Costs: The day-to-day running costs of an electric vehicle are much more economical than those of regular petrol or diesel vehicles. Recent studies show the average cost of charging an eDeliver 3 van was £8.82 (10p per mile) compared to approximately £21.00 for 3 gallons of diesel. And that’s not all. Add the fact that you can tap into discounted off-peak electricity rates, and you quickly start to see savings.
• Lower Maintenance Needs: Beyond the immediate fuel cost savings, electric fleet vehicles offer long-term benefits through reduced maintenance needs. Electric vehicle fleets have fewer moving parts, leading to less wear and tear. This translates to reduced maintenance needs and associated costs compared to traditional internal combustion engines. Businesses can save on routine maintenance tasks like oil changes, spark plug replacements, and air filter changes. These reduced maintenance costs contribute to a lower total cost of ownership for electric vehicles over their lifespan.
• Potential New Revenue Streams: Electric vans can open doors to new business opportunities. With growing consumer demand for sustainable practices, companies with electric fleets can position themselves as environmentally conscious and attract eco-friendly clients. In addition, businesses with EV charging infrastructure can potentially create new revenue streams by offering EV charging services to the public. By installing charging stations, UK businesses can cater to the growing demand for electric vehicles and provide a convenient service for their customers. This can attract new customers and generate additional income.
• Vehicle-to-Grid (V2G) Technology: Vehicle-to-Grid (V2G) technology also unlocks a new revenue stream for businesses with electric vehicles. During off-peak hours, EVs can charge their batteries at lower electricity rates. Then, during peak demand periods, businesses can sell excess electricity back to the grid when prices are high. This two-way flow of power not only generates income but also helps stabilise the grid, potentially reducing reliance on expensive peak power plants.

Electric Van Owners Enjoy Government Incentives and Tax Benefits

The UK government believes in an electric future and wants to help you get there with generous grants when you buy electric vans and install charger stations.

• The Plug-in Vehicle Grant covers vans of all sizes. Buy a smaller van, like the Maxus eDeliver 3, and you save up to £2,500. Purchase a bigger vehicle, such as the eDeliver 9, and your savings rise to £5,000.
• The Workplace Charging Scheme (WCS) covers 75% of the cost of business EV chargers to a value of £350 per socket for up to 40 charge points.
• Electric vans bought from now to April 2025 are eligible for a 100% first-year capital allowance and are exempt from road tax.

A 2020 Consumer Reports US study calculates that EVs are 50% cheaper to maintain and repair. Jessica Potts, of BookMyGarage, explains the reasons. “EV powertrains are a lot simpler and don’t require engine oil changes, air filters, spark plugs, or fuel filters. Servicing an electric vehicle requires less labour and fewer replacement parts and fluids, helping to lower costs.”

The Operational Benefits of Making the Switch to Electric Fleet Vehicles

Transitioning your fleet to electric vehicles (EVs) brings operational advantages that can streamline your business and boost your bottom line. Here’s a deeper dive into how EVs can transform your fleet operations: 

• Say Goodbye to Engine Issues: Forget the stress of unexpected breakdowns and costly repairs. Unlike ICE vehicles, EVs have fewer moving parts, significantly reducing the likelihood of mechanical failures. This translates to less downtime for your fleet, ensuring your deliveries and operations run smoothly.
• Long-lasting Battery Performance: Modern Electrical Vehicle batteries are built to last, many of which are covered by warranty. We guarantee your new Maxus electric vans for 5 years (60,000 miles) and the van battery for 8 years (100,000 miles). This ensures reliable operation for years to come.
• Future-Proofing Your EV Fleet: With emissions charges and restrictions set to spike as we get closer to 2030 you stand to save yourself money and headaches by thinking ahead and switching early.
• Embracing Technological Advancements: EV charger technology is constantly evolving, leading to faster charging times and greater efficiency. This translates to less downtime spent waiting for vehicles to recharge, keeping your fleet on the move and maximising productivity.

The Environmental Benefits of Fleet Electrification

Transitioning your fleet from ICE vehicles to electric vehicles (EVs) offers a multitude of environmental advantages. This shift not only benefits the planet but also contributes to a more sustainable future for your business. Let’s explore the key ways electrifying your fleet can create a positive environmental impact.

• ESG Policies: Environmental, social, and governance (ESG) policies are no longer just for big corporations; they’re filtering down to impact businesses of all sizes. Even small businesses may need to prove their ESG values to win contracts and attract investors. Switching to an electric fleet sends a clear sign that your company takes ESG seriously.
• Reduced Corporate Carbon Footprint: Transportation is a major contributor to greenhouse gas emissions, accounting for a significant portion of a company’s carbon footprint. Electric vehicles (EVs) produce zero tailpipe emissions, significantly reducing your company’s overall impact on climate change. This translates to a smaller carbon footprint, which not only benefits the environment but can also enhance your brand image and appeal to environmentally conscious consumers.
• Reduced Reliance on Fossil Fuels: Traditional petrol vehicles rely on fossil fuels, a non-renewable resource that contributes to environmental pollution. By electrifying your commercial fleet, you’re decreasing your dependence on fossil fuels and promoting a cleaner, more sustainable transportation system. As more companies transition to EVs, the overall demand for fossil fuels will decrease, leading to a long-term reduction in greenhouse gas emissions and air pollution.
• Improved Air Quality: ICE vehicles are a major source of air pollution, releasing harmful pollutants like nitrogen oxide and particulate matter. These pollutants contribute to respiratory illnesses, heart disease, and other health problems. By switching to EVs, you’re helping to improve air quality in the communities where your fleet operates. This translates to a healthier environment for your employees, customers, and the general public.
• Decreased Noise Pollution: Electric vehicles are significantly quieter than traditional ICE vehicles. This is because EVs have fewer moving parts and rely on electric motors, which generate minimal noise. This reduction in noise pollution can have a positive impact on the overall quality of life in urban areas, particularly for those who live or work near busy roads.

Why EV Fleets Are the Perfect Choice for Businesses in the UK

Every new advance in technology brings an extra reason to go electric. Year on year, our vans are getting smarter, gaining in efficiency, and going the extra mile for your business. Charging infrastructure is increasing significantly, mechanics are upskilling, and electric vehicle drivers are getting preferential treatment from local authorities.

Making the switch to electric is easier than ever. Maxus UK is leading the charge with a comprehensive range of electric vans, all backed by industry-leading warranties and reliable nationwide support. 
It all comes down to one decision – how soon do you want to start saving your business money and making the UK a better place to live? Maxus electric vans come with a five-year vehicle warranty and an eight-year warranty on the high-voltage battery. We also offer nationwide breakdown assistance 24 hours a day, 365 days a year. Contact us today to discuss our Maxus electric van range  in the UK and enjoy the benefits of electric vehicle fleets.